Building a home requires specialized financing with progress payments and different structures to standard home loans. Construction loan specialists understand builder contracts, progress draw schedules, and council requirements.
Why Use a Construction Loans Specialist?
- Progress payment draw-down structures
- Land and construction package finance
- Knock-down rebuild loan expertise
- Owner-builder loan options
- Fixed price contract requirements
Construction Loans Brokers in Chatswood
WZWen Zhou
Sunyard Finance & Systems Technology P/L
0427 666 888
RMRosa Malekan
Mortgage Broker
0450 167 672
XSXiaokang Sun
Sage Investment Corporation Pty Ltd
0401 279 590
LFLian Fan
Mortgage Broker
0402 734 457
JGJacky Gu
J and P Family Holding Pty Ltd
0449 991 618
SLSelina Liang
AUC Mortgage Group
0433 577 289
VTVictor Tan
CBA Financial Consultancy Pty Ltd
0457 858 888
KLKenneth Lau
Mortgage Broker
0488 038 039
JWJing Wen
Mortgage Broker
0421 761 060
ELEdwin Lim
AP Lending Pty LTD
0400 940 389
Frequently Asked Questions
How do construction loan repayments work?
During construction, you typically only pay interest on funds drawn. Once complete, the loan converts to a standard principal and interest home loan.
What deposit do I need for a construction loan?
Most lenders require 20% of the total cost (land + build). Some allow less with LMI. You'll also need funds for council fees and other costs.
Can I get a construction loan for an owner-builder project?
Yes, but options are more limited. Lenders typically require higher deposits and may have stricter requirements for owner-builders.